Friday, March 13 2026

Engro Corp gets Lotte Chemical non-binding offer for majority stake in EPCL
Engro Holdings Limited said on Friday that its subsidiary, Engro Corporation Limited, received a non-binding offer from Lotte Chemical to buy about 56.19% shareholding of Engro Polymer & Chemicals Limited (EPCL). The company disclosed in a notice to the Pakistan Stock Exchange (PSX) today. “At its meeting held on March 12, 2026, the Board of Engro Corp considered the offer and authorised the management to negotiate and finalise the terms and conditions, as well as the related transaction documentation, and to present the same to the Board for its approval,” the company said. The company shall keep its shareholders informed of further developments through subsequent announcements as the matter progresses, the notice concluded.
Related news categories: business chemical economic-indicators fertilizers psx stock-exchanges
Related symbols: engro (news stock) engroh (news stock) epcl (news stock) lotchem (news stock)